Automakers Pain May Be Genuine Parts Gain

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Atlanta-based auto replacement parts manufacturer Genuine Parts Company has seen its stock price drop in line with the overall market over the past fourteen months. This high-quality, attractive dividend paying stock is worthy of consideration as U.S. consumers are forced by a slow economy and shrinking auto leasing options to hold onto their vehicles for longer periods of time. These older cars will need replacement parts in the years ahead. Genuine Parts would appear to have many years with the wind at its back, in sharp contrast to the present fate of domestic auto makers.